Standard and Poor's confirmed 3 Azerbaijani banks' credit rating

Standard and Poor
# 15 February 2023 14:59 (UTC +04:00)

Standard and Poor's (S&P ) international rating agency confirmed credit rating of Azerbaijan's 3 banks – Kapital Bank, PASHA Bank and Mughanbank, S&P told APA-Economics.

Standard and Poor's rated the basic rating of all three banks as b+. The forecast for the ratings of the mentioned banks was kept stable.

Note that S&P announced that the median rating of Central Asian and Caucasian banks is at the level of B+.

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THE OPERATION IS BEING PERFORMED